Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are made to end the war in Ukraine. China and India are the top two buyers of Russian oil. The president last week imposed an additional 25% tariff on Indian goods, citing its continued imports of Russian oil.

US President Donald Trump said he will hold off on raising tariffs on Chinese goods over the country’s purchases of Russian oil, citing progress he said was made with Vladimir Putin toward ending the war in Ukraine.

President Donald Trump is set to travel to Alaska to meet Russian President Vladimir Putin as he seeks negotiations to end Russia's war against Ukraine, threatening more tariffs on Russian energy if ceasefire talks falter.